Sole tradersOperations

What records matter if a sole trader stops trading?

I may pause the business and want to close it cleanly rather than simply stop invoicing.

Source and scope: My Business Path prepared and reviewed this general guidance as a practical starting point. It is not advice tailored to your circumstances. Check the linked official source before acting. GOV.UK: Stop being self-employed
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My Business Path starting point

Record the cessation date, finish invoices and liabilities, preserve required records, tell HMRC where required and review VAT, payroll, licences and contracts. Keep access to evidence after subscriptions close.

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